Ollie's Q2 sales rise 9.1% to $741.3M, but comps fall 1.8% and margin boost is one-time

Filed September 2, 2026 · Period ending August 1, 2026 · Compared to 10-Q Sep 3, 2025 · ~1 min read

Key Changes

• high

  Comparable store sales fell 1.8% in Q2 FY26, reversing a 5.0% gain a year ago, driven by smaller basket size.

  MD&A: Comparable Store Sales verify on EDGAR →
• high

  Gross margin jumped 360 bps to 43.5%, but $28.3M of the improvement came from one-time IEEPA tariff refunds.

  MD&A: Gross Margin verify on EDGAR →
• high

  Share repurchases surged to $137.3M in the first half of FY26, up from $28.6M a year earlier.

  MD&A: Share Repurchases verify on EDGAR →